Accounting Terms

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Across
  1. 2. the process of recording business transactions
  2. 3. an entry recorded for a payment made or owed
  3. 6. a person to whom money is owed for goods
  4. 7. money at the bank for the business
  5. 9. a method of recording transactions which requires a two accounts per transaction
  6. 10. one of the four types of inventory hint: reselling
  7. 12. the amount of money invested by the owner in the business
  8. 14. the positive difference between revenue and expenses
  9. 15. an individual trading alone in her own name
  10. 16. the amount of money the business has at its disposal
  11. 18. used when the business sells goods
  12. 21. events that result in the change of two items in the statement of financial position
  13. 22. goods returned by the business back to the supplier
  14. 23. the negative differences between revenue and expense
  15. 24. the name given to goods that were bought by the business for resale
Down
  1. 1. any debts owed by the business to someone
  2. 4. the value of all the assets that has been used up to obtain the revenue
  3. 5. goods returned to the business by its customers
  4. 8. a person who owes money to the organization for goods or services supplied
  5. 11. entry used when money is received
  6. 13. owner's equity is also known as
  7. 17. cash or goods taken out of a business by the owner for her private use
  8. 19. property of all kinds, such as land, equipment, and inventory
  9. 20. analyzing business recording then creating financial reports
  10. 22. the amount of money you made from selling the product